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candidate, not barack obama, and the obamas had unfairly characterized her father, bill clinton, as a racist during the campaign. so she really wanted her mother to get back and challenge obama and run for president. >> host: aren't all presidents amateurs when it come into office? >> guest: most of them are but i don't think dwight eisenhower was. i think he understood how to be a manager, an executive, how to get things done. i don't think lyndon on johnson was an amateur when he inherited the presidency after the assassination. i think of wyndham johnson who could not give a good speech, who did not speak well for the teleprompter, who understood how to manipulate the levers of power in washington. he understood human nature, understood the strengths and weaknesses of the people in congress and how to play on those weaknesss and strength. obama doesn't have that skill sets to use human nature to get done what he wants to get done. >> host: how many book to be written? >> guest: this is my eleventh book. there are three novels and eight nonfiction books. >> host: what do you say to critics
. and that the obama's had characterized her father, bill clinton has a racist during the campaign. [inaudible] >> aren't all presidents amateurs when it comes to office >> i think most are, but i don't think dwight eisenhower once. i don't think lyndon johnson was an amateur when he inherited the presidency after the assassination. i think he did not speak well to the teleprompter, but who understood how to manipulate levers of power in washington. he understood human nature. he understood the strengths and weaknesses of the people in congress and how to play on those weaknesses and strengths. obama doesn't seem to have that skill set to have human nature as a way of getting done and i think this is my 11th book. >> when you say to some of the critics? >> well, some of the criticisms about the accuracy of the stories they tell an executive. >> the fact of the matter is that as far as i know, there hasn't been a single fact that has been challenged in any kind of credible way. kids in school are, you know, they call each other names. when it comes to the credibility of my reporting, i don't think anyon
pass a bill, and president obama, of course, the media in love with him, there's been no criticism of him either. >> look, i disagree on two points, juan. where the senate is concerned, let's also keep in mind this. republicans and the house have passed hundreds of bills of that never seen the light of day because every single time harry reid refuses to bring them up for a vote in the senate. so for this man 20 turnaround and stay that the republicans are dillydallying when it's the republicans who have been showing up in the house for two years and he's done nothing is adommable. the president is playing this very well. this is a masterpiece on his participate but it's also a complete obfiscation. and right now, juan williams, you tell me what president obama has said he would stand unand cut to balance the budget. >> he said he would change our rate of growth in the country, the cpi. >> can you believe talk. >> he's talking about medicare and republicans have talked about eligibility age. >> juan, double talk. give us specifics. >> if you limit the rate of growth, you will see th
in the next 24/48 hours. >> this is a typical pattern of the president. outsourced obama care, outsourced the stimulus bill. left this to congress, to do all the major works he wanted, left it to them. now he's handing it over. he's the only western this afternoon who doesn't have to bow to the god of re-election, he, if anyone, could compromise, he doesn't have to worry about getting re-elected again. that's driving decision making on both sides when it comes to congress, yet, he doesn't lead. he hands it over to a man who hasn't passed a budget in years. >> at 3:00, we'll meet. and i'll tell congressional leaders, you come up with the package, tyler. >> the real tragedy, what it says about the quality of leadership in this country. they can't lead, seem unwilling to lead. that's what's distressing to individual voters and to the markets. >> thank you, joining us, and thank you, out there. we'll join "mad money" right after this break. and we'll see michelle right after that on a special "kudlow report." let's give thanks - for an idea. a grand idea called america. the idea that if you w
done. today senate sent president obama a bill that reauthorizes eavesdropping on communications in search of possible terrorists. in doing so, lawmakers brushed away concerns about violating privacy. >> this did not get much attention until today. the vote in the senate was not close and without much fanfare. one of the most hotly disputed tactics on the war on terror will keep ongoing. he ordered it just after 9/11 and became one of the most controversial tactics used by george w. bush to fight the war on terror. the secret wire tapping of kmun kags between people in the united states and overseas. it drew fire because sometimes the communications of innocent americans got caught up. in 2008, the practice was authorized by congress but with limitations. a warrant is now required to target an american, including americans who are abroad. but it's still a hugely controversial program and the senate has passed a five-year extension of it. >> it's an enormous potential of abuse given the ugly history of the use of intel general surveillance for illegitimate purposes. >> they believ
putin signed a controversial van on adoption to the u.s. it was added last week to a broader bill retaliating for human rights sanctions president obama signed into an earlier law earlier this month. putin pledged to improve the lives of children in russia's neigh toreously underre-- notoriously under resourceed orphanages. >>> you got to see this. terrifying moments for shoppers at a mall in china. a shark tank burst open. the aging tank material could no longer contain all the water and the fish inside. it is pretty incredible when you see that. 16 people were hurt all threesharks died. the aquarium was installed in the shopping center two years ago. mall officials say they have no plans to rebuild the fish tank. >>> five things to know. desert storm commander general norman schwarzkopf died at the age of 78 on thursday in tampa from comply cages from pneumonia. -- complications from new known yeah -- pneumonia. >>> former president george hw bush's family says they are confident he will be out of icu soon. he has been in the hospital for more than a month after coming down with
for rational discussion. lou: thanks for being with us. president obama's first callll after winning his second termter went to president bill clinton. hey, what happened to governore chris christie? former clinton special counsel wnd steven haze of the weeklye standard dryness. [poignant country music] ♪ ♪ remember when ♪ we vowed the vows and walked the walk ♪ and gave our hearts ♪ made a start and it was hard ♪ ♪ we lived and learned ♪ life threw curves ♪ there was joy, there was hurt ♪ ♪ remember when ♪ ♪ remember when ♪ we said when we turned gray ♪ ♪ when the children ♪ grow up and move away ♪ we won't be sad ♪ we'll be glad ♪ for all the life we've had ♪ and we'll remember when ♪ ♪ remember when ♪ lou: exit polls show a deepenini racial divide, some say, at the voting groups. d key groups such as hispanics, blacks and asians puttingbama oe president obama over the top.cta the strength of support.e stre joining us now, former specialrm counsel to president clintonide lonnie davis, steven hayes, senior writer for the weeklythey standard, but
've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. >> reporter: aftereeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours to wo
. it's not that they don't know how to pass bills or they don't like passing laws. they voted to repeal obama care more than 30 times. >> yeah, 33 times. >> 33 times, as if there's some type of rule that if the house passes a bill more than two dozen times. so they know how to bring a bill to florida and they know how to vote on it. but i think clarence is right. that some of this is ie dee logical. and the second least productive congress since the 1940s was gingrich's right after the '94 revolution. u you know, they came in. they don't think government works and then they set about and they prove it. >> now, clarence, despite all of this, the president is saying he's optimistic. listen to this. >> i'm modest ply optimistic th an agreement can be achieved. nobody is going to get a hundred percent of what they want. but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> are you optimistic, clarence? >> well, at this point, i'm so pessimistic by getting a deal on monday, it's
owner credits president obama with the boost in sales. "obama is the best gun salesman since bill clinton. every too many a liberal opens his mouth and says something stupid about guns, i sell a gazillion of them." need further proof? one iowa reporter went inside a des moines gun shop. >> the most popular is the a.r.-15, one of the weapons used in the sandy hook shooting. >> two days before christmas i maybe have 30 of these. and i had ten in my safes. and now i have zero. >> i'm joined by los angeles mayor antonio villaraigosa. welcome to the show, mr. mayor. >> michael, thank you for having me on. happy holidays to you. >> the same to you, my friend. does the uptick in gun sales surprise you in any way? >> no. i think we've seen this happen before. you've heard one of the people interviewed saying that it happened in the 1990s, when bill clinton was talking about and trying to do something about gun violence and responsible gun laws. you see it happening again after sandy hook. after the two firefighters who were assassinated just the other day and two police officers who were
kennedy did pass an education bill, no child left behind. i thought obama, when he was elected a lot when across the aisle and work with the opposite side, and everybody said the republicans, conservative set that that bill was not busch's bill, it was ted kennedy boss bill. he crossed the aisle and got the bill pass. obama, when he wanted his health care bill passed, waited until the midnight hour to work with the democratics to pass the bill, they would not pass the bill because it had payments for abortion and things like that -- host: where do you think this is going to go? caller: it will go to the midnight hour, and that republicans will concede they do not have anything else. they will kick the can down the obama has not shown the leadership that he showed, last caller. it is a matter of spending. the government has gotten out of control in washington, d.c. both parties are guilty. this last president as the most gelt, and certainly bush also had his problems with spending, but if i was a republican senator, i would not vote for anything without at least a $6 trillion tax cut, and
on adoptions to the u.s. the country's legislative branch had just passed the bill unanimously. this was russia's response to president obama's anticorruption law. it denies russian officials from getting u.s. visas if they were associated with human rights violations. >> it's very tragic that these children are potentially going to fall victim to really just senseless politics. >> reporter: lauren koch with the national council for adoptions says with 700,000 russian orphans, the children are the ones caught in the political web. >> most of them have been matched with children. they consider these children part of their families already. they have introduced, you know, them via pictures and other methods to their siblings here in the united states. and it's really heartbreaking. >> bring it over here so we can see it. >> reporter: a heartbreak that could become a reality for the fong family who can do nothing but wait, watch and hope. >> we're the fong family. we want to provide a home to just at least one boy from russia and, you know, we have a home, we have a lovely family. we're hoping t
of the issue calls for rational discussion. lou: thanks for being with us. president obama's first callll after winning his second termter went to president bill clinton. hey, what happened to governore chris christie? former clinton special counsel wnd steven haze of the weeklye standard dryness. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flightanytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! progressivive direct and other car insurance companie yes. but you're progressive, and they're them. yes. but theye here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us andhem -- now that's progressive. call or click to
for all americans. 19 democrats voted for that. it was handed to mr. reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with
the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress.
-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> well, here's the pr
branch had just passed the bill unanimously. this was russia's response to president obama's anticorruption law that denies russian officials from getting u.s. visas if they were associated with human rights violations. >> it's very tragic that these children are potentially going to fall victim to really the senseless politics. >> reporter: lauren koch with the national council for adoption says, with 700,000 russian orphans, the kids are the ones caught in the political web. >> most of them have been matched with children. they consider these children part of their families already. they have introduced, you know, them via pictures and other methods to their siblings here in the united states. and it's really heartbreaking. >> bring it over here so we can see it. >> reporter: a heartbreak that could become a reality for the fong family who can do nothing but wait, watch and hope. >> we're the fong family. we want to provide a home to just at least one boy from russia and, you know, we have a home, we have a lovely family, we're hoping that all this can move forward and
the domestic phone calls. president obama plans to sign the bill. when the senate is back we are expecting senators to continued work on the $60 billion hurricane sandy relief package. negotiations continue on avoiding the so-called fiscal cliff. both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president obama. if you could think of the adjective to describe these years what would it be? >> clearly interesting. challenging. sometimes totally frustrating. but also full of opportunities for the country. there was some good times during the twelve years laced together with some that weren't so good. 9/11, the anthrax scare. there were positive things as well, the election of preside
on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year end, and as you say, it would be in the $400,000 to $500,000 range, but there has to be a commitment any revenue generated goes to savings, and not more spending. that's the other part of the equation that the president has to step up on to get a deal. adam: senator, we'll have a guest on that says no one, all the way back to the mid-1950s has ever cut government spending. we continued to add spending every year, both parties guilty. why should that change? why should anyone watching us right now believe anybody in washington's going to be fiscally responsible? >> adam, it's the right question, and that's dwr i said a minute ago, we need a big deal. if it's a smaller deal, remember, we got to go to the debt ceiling discussion and some of the other trigger points and make sure we get the savings and the entitlement reform and the things we need to get this deficit and debt under control. it's ab
president obama and top congressional leaders met at the white house this afternoon to work on that deal. >>> there is outrage today over a new bill signed into law by russian president vladimir putin. it bans americans from adopting russian children. the law is considered retaliation for new u.s. legislation that put sanctions on russian human rights violators. >>> right now police have three people in custody after allegedly stealing a car, then crashing into a mel rho bus sgro loe 'get another check of the storm, and the weekend, bring out extra blank either. >> maybe an extra blank et or two that will be about it. i do think some of us maybe using our snow shovels a bit to the north and west, but most of the area we won't see a big storm. this is not a big one. >>> this includes washington, but all of southern maryland, you are south and east of i-95, mostly a rain event, not worried about snow accumulation for you. getting its act together now, but most areas will start as snow. i'll show you when in just a minute. >>> doug, thank you. a blustery morning in newtown, connecticut toda
him in a hot car in 2008. the adoptions bill is a direct response to "the magnitsky act," signed this month by president obama. it slaps sanctions on russian human rights violators. russian president putin and other kremlin leaders have roundly condemned that measure. >> this is without any doubt an unfriendly act towards the russian federation. and the main point here is not about officials that are not allowed to have bank accounts there or whose property will be controlled. >> reporter: but the russian response-- banning u.s. adoptions-- has garnered criticism even inside the country. >> ( translated ): concerning the law itself, of course it disappoints me, because we know a lot of instances when children who have no future here end up in the united states, and get a loving family and a future because the government takes care of them. >> reporter: americans have adopted more than 60,000 russian children in the past two decades. the impending ban means families currently in the adoption process are left in limbo. >> we've already started preparing our home. not remodeling or
to find my husband. bill didn't know anything. i hadn't talked to anything about it. the first he heard is when president obama called him. >> you place a call to president bush 43 on whose watch the attack happened. what was that like? >> well, i think that it was an important symbol of who we are as a people. we get into these partisan fights, administrations come and go, but there's a certain of continuity about who we are and what we care about and what our values are. >> at roughly the same time and as we learn here for the first time, admiral mullen had to call his pakistani counterparts about the pieces left from the crash stealth helicopter and how important that wreckage was to the united states. how much did you worry it would end up in the wrong hands? >> a great deal. i called the general in pakistan. i felt obligated to let him know what happened. part of that conversation was about the helicopter, and i said we need that back. >> a friend of mine in the military said 48 hours after that explosion, we expected pieces of that tail to be arriving in china for the full inspect
cliff. no to a cat food christmas. >> as president obama meets with congressional leaders at the white house, we speak outgoing democratic congress member dennis kucinich about the so- called fiscal cliff and a bill to continue the controversial domestic surveillance program. then, will the government -- of nerve north carolina pardon the wilmington 10? >> it is not a secret an injustice has been done. now, governor perdue has an opportunity to right the wrong. we cannot go back to 1980. this is 2012. >> the north carolina governor is being urged to pardon a group of civil rights activists were falsely convicted and imprisoned 40 years ago for the firebombing of a white owned grocery store. the conviction was overturned in 1980, but the state has never pardon them. we will speak with one of the wilmington 10 who served eight years behind bars and it became head of the naacp. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three days be
is going to urge senator reid to bring a basic bill to the senate for a basics up and down vote of senators. that package, mr. obama said, would prevent taxes from going up for middle-class americans and would preserve unemployment insurance for those americans who need it. >> he also urged the lawmakers to let that package come to a vote, which has been an issue many times. we are going to take a break and be back in just a minute.
, everybody, president obama calling on congress just moments ago asking to avoid the fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now he passes on to the senate. senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republ
said if the senate passes a bill the house will take it up and either accept or amend it and a short time ago president obama appeared in the white house briefing room with a statement. here is some of what he said. >> we had a constructive meeting today. senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year
of those spending cuts, but it's not going to be that broad, sweeping plan that president obama and house speaker boehner had been initially working on. this is going to be a much more scaled back version of a bill. just to sort of get over this hump. so i think that right now all parties believe that is really the main hope for getting something done, but you're absolutely right. the same sticking points remain, and that is going to be the problem moving forward over these next 24 hours. i think the pressure point comes when the markets have already started to react and, of course, if they fail to get a deal done by that all-important january 1st deadline, really everyone is going to be blamed for it. of course, the polls show that republicans will be blamed the most, but ultimately president obama will have to share some of that blame as well. so i think that right now that pressure point is one of the motivating factors in getting something done. >> kristin, stay with us. i just want to bring in joy reid from the grio and robert costa from "national review." we have just a brief moment
in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to come i
. the president with congressional leaders at the white house. as soon as mr. obama arrives to the podium, will bring it to live. >> there is heartbreak tonight for hundreds of american families were trying to adopt children from russia. their dreams were dashed. >> latimer cutin signed a bill into law banning adoptions by american families. -- vladmir putin signed a bill into law banning adoptions by american families. >> this blanket were to go with us for a trip to russia. >> the room was ready. the four year-old special needs child is currently in a russian orphanage. >> she is beautiful. she is so bright and full of life. we want to be able to share that with her. >> their adoption might be in jeopardy. russian president vladimir pugin just signed a law banning americans from adopting -- putin just signed a law banning americans from adopting russian children. it goes into effect january 1. the state department issued this caution, saying, we're for the concerned about statements that adoption already underway may be stopped. the national council for adoption estimates as many as 150
it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-loathing hater. i don't hate the 2%. >> hey, joe, before we go, you mentioned -- you heard jimmy talking about the decid
. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemployment benefits for some 2 million americans, do some small spending cuts now, but not entitlement reform. an ally of the white house and the house of representatives offered this. >> this is not for show. it is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package. a small deal together before the new year. in order to avoid some of the tax hikes of the fiscal cliff and to deal with some of the unemployment. greg: senator rob portman,
-stakes meeting will be in washington this afternoon. president obama and top congressional leaders are looking for common ground to keep automatic spending cuts and tax increases from kicking them. hidden payne has the story. >> reaching a bill will not be easy because both sides are in a blaming game carry it >>. >> i told the president that we will look at whatever he proposes but the truth is is that we're coming up against a hard deadline. as i stated before this is a conversation that we should have had a month ago. >> democrats want to extend the bush era tax cuts. many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months,
more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house has already passed to extend all rates and either take it up in whole or amend it. amending it, and changing that threshold down to closer to what president obama wants. a quarter million as a threshold. that seems more likely. we'll watch this meeting. we don't know what will happen, that's the truth much and we'll watch to see what will come out of it. does it seem like perhaps there is a spirit of compromise? or do they come out very far apart. an indication that it will be read as an indication we may go over the cliff. >> nothing is being done until the house is back in session. we are being looking at the earliest at sunday evening if there is even a deal to vote on. >> that's true. that said if there is some sort of agreement, you could get wind of the before then. obviously, the house would have to pass something. it has to get through the senate first. you would start -- if there was an agreement, you could see movement before then. >> now would be a very good
president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to come in and it usually comes flooding in during marc
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